CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) shares traded -1.14% lower at $12.12 on Wall Street last session.
CCCS stock price is now 7.38% away from the 50-day moving average and 7.54% away from the 200-day moving average. The market capitalization of the company currently stands at $7.33B.
On December 12, 2023, Morgan Stanley recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $13, while ‘Stifel’ rates the stock as ‘Buy’
In other news, PRIGGE MARY JO, insider sold 822 shares of the company’s stock on Mar 12 ’24. The stock was sold for $10,276 at an average price of $12.50. Upon completion of the transaction, the insider now directly owns 76,954 shares in the company, valued at $0.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’24, PRIGGE MARY JO sold 82,813 shares of the business’s stock. A total of $1,035,378 was realized by selling the stock at an average price of $12.50. This leaves the insider owning 76,954 shares of the company worth $0.93 million. A total of 55.42% of the company’s stock is owned by insiders.
During the past 12 months, CCC Intelligent Solutions Holdings Inc has had a low of $8.36 and a high of $13.41. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 2.17, and a quick ratio of 2.17. The fifty day moving average price for CCCS is $11.31 and a two-hundred day moving average price translates $11.28 for the stock.
The latest earnings results from CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) was released for Dec, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.09, beating analysts’ expectations of $0.08 by 0.01. This compares to $0.00 EPS in the same period last year. The net profit margin was -10.67% and return on equity was -4.83% for CCCS. The company reported revenue of $228.6 million for the quarter, compared to $204.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.0 percent. For the current quarter, analysts expect CCCS to generate $225.51M in revenue.
CCC Intelligent Solutions Holdings Inc(CCCS) Company Profile
CCC Intelligent Solutions Holdings Inc., operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company’s cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more. It offers CCC insurance solutions, including CCC workflow, CCC estimating, CCC total loss, CCC casualty, CCC subrogation, and CCC claim handling; CCC repair solutions, such as CCC network management, CCC repair workflow, and CCC repair quality; CCC other ecosystem solutions, which includes CCC parts solutions, CCC automotive manufacturer solutions, CCC diagnostics service provider solutions, and CCC payments; and CCC international solutions. The company was founded in 1980 and is headquartered in Chicago, Illinois.
